Any offers gone out yet?

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anonymous said:
regardlesss, signing one with several solid market entries in CNS in the next few years is risky. There are several readouts for phase 3 anxiety, MDD, PTSD, ODD, Bipolar drugs many of which with novel mechanisms of action. Non competes in this industry with the inherent volatility of job security is BS…..unless you’re scared your talent will ghost you bc you sold them a line and they figured it out.
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agree 100%
 


















anonymous said:
I received my offer yesterday. Very pleased with the whole package. The offer didn’t say anything about the car allowance or mileage though which was discussed in the verbal offer. Anyone else have this issue? I was told they will be resending a new offer letter with that info.
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The no fleet car thing is a big deal. Buying a car, maintenance, gas etc carries an annual expense of 20k.
 









anonymous said:
The no fleet car thing is a big deal. Buying a car, maintenance, gas etc carries an annual expense of 20k.
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Got my offer last week but the non compete, the low monthly car allowance and the late august start date r not worth it. Seems Sage over promised again and I am staying with the sure thing. I bet several people will turn them down at the last minute.
 



anonymous said:
Truth. It cost 30-35k to by a decent 2nd hand Honda or Toyota. No company car drastically waters down any salary increases here.
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let’s do math 30k for a Toyota Camry probably got a 10k sign on for the car 6k after tax. So 24k for the car. Let’s assume you have that in the bank and pay in cash.

Assuming you drive 2500 miles a month you will get about $1,400 tax free rounded up to 17k a year.

Expenses will be gas at about $3,000(using $3 a gallon) a year. Insurance about a $1,000. Oil changes about $225. Tires will be about every 2 years so we will say $450 a year and other random maintenance at $400 a year. Total expenses $5,075

So all in said and done you will net about 12k per year. So after 2 years the car will be paid for. And a 30k car with an added 60k miles on will still be worth a decent amount of money so you have that value as well.

All in all I don’t believe you are losing money at all with this package unless you choose to drive an expensive car that doesn’t get great mileage or depreciates very fast. However, it does cause more stress and risk since you are responsible for the vehicle if something goes wrong. A plus is you get to choose what you drive.
 



anonymous said:
let’s do math 30k for a Toyota Camry probably got a 10k sign on for the car 6k after tax. So 24k for the car. Let’s assume you have that in the bank and pay in cash.

Assuming you drive 2500 miles a month you will get about $1,400 tax free rounded up to 17k a year.

Expenses will be gas at about $3,000(using $3 a gallon) a year. Insurance about a $1,000. Oil changes about $225. Tires will be about every 2 years so we will say $450 a year and other random maintenance at $400 a year. Total expenses $5,075

So all in said and done you will net about 12k per year. So after 2 years the car will be paid for. And a 30k car with an added 60k miles on will still be worth a decent amount of money so you have that value as well.

All in all I don’t believe you are losing money at all with this package unless you choose to drive an expensive car that doesn’t get great mileage or depreciates very fast. However, it does cause more stress and risk since you are responsible for the vehicle if something goes wrong. A plus is you get to choose what you drive.
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You are way off. Nobody profits off of driving the personal car in any sales job. Company provided car easily pads an extra 20k profit annually on top of your salary. . Can’t even try to spin that fact.
 



anonymous said:
let’s do math 30k for a Toyota Camry probably got a 10k sign on for the car 6k after tax. So 24k for the car. Let’s assume you have that in the bank and pay in cash.

Assuming you drive 2500 miles a month you will get about $1,400 tax free rounded up to 17k a year.

Expenses will be gas at about $3,000(using $3 a gallon) a year. Insurance about a $1,000. Oil changes about $225. Tires will be about every 2 years so we will say $450 a year and other random maintenance at $400 a year. Total expenses $5,075

So all in said and done you will net about 12k per year. So after 2 years the car will be paid for. And a 30k car with an added 60k miles on will still be worth a decent amount of money so you have that value as well.

All in all I don’t believe you are losing money at all with this package unless you choose to drive an expensive car that doesn’t get great mileage or depreciates very fast. However, it does cause more stress and risk since you are responsible for the vehicle if something goes wrong. A plus is you get to choose what you drive.
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There is going to be greatly varried levels of loss depending on 3 main factors, what fleet program you are coming from, what vehicle you choose to get, and how much driving is required for your territory (as well as how hard you work).

Some fleet programs put you in a nice mid to full size SUV fully loaded for as little as $50 a check, while others will put you in much less for a $250 a check.

Of course the vehicle you drive matters. Is a fully loaded Escalade is a silly choice? I think so, but I don't believe any moderately successful person wants to drive a Toyota Camry. Most specialty reps are used to driving well equipped 3 row SUVs.

What bothers me most about the low mileage reimbursement here, those with large difficult to manage territories who work the hardest take the biggest loss. There will be a break even point in miles driven per month for everyone where they start losing money per mile driven. Think you should head to one more office today or take a long drive to a potentially important customer tomorrow? Better think long and hard about if they will generate enough business from that visit that you can offset the expense that Sage isn't covering directly with additional bonus earned. They really need to rethink this system.

I can't buy gas here for anywhere close to $3 a gallon and I think your other estimates for cost are fairly low as well (although there are great differences per vehicle choice), not to mention you are forgetting things like brakes and other things, and what if major repairs may be needed? deductible because someone rear ends you? Etc etc..... Ask anyone who went from fleet vehicle to a job without one how many things they took for granted and how quickly unexpected expenses add up.

Do I think everyone working at Sage will lose money on their vehicle? No, but I think all good specialty reps coming from a decent fleet program who want to stick with a decent sized SUV will, unless they simply never drive. If I got the same exact fleet vehicle I am given now I estimate additional cost going to Sage to be minimum $10k a year, and maximum $20k a year, probably landing right in the middle, depending mostly on how much I drive. For this reason I passed on the job because when you start thinking about this and loss of other benefits good employers are giving, these "high" base salaries at Sage are really just normal. For my friends joining Sage they are hoping the company comes to their senses and implements a fleet program. I hope so for them, or at least up that per mileage reimbursement.

Good luck with the Toyota Camry.
 



anonymous said:
You are way off. Nobody profits off of driving the personal car in any sales job. Company provided car easily pads an extra 20k profit annually on top of your salary. . Can’t even try to spin that fact.
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Right. There is a reason established companies offer fleet vehicles and those with low or pre-revenue do not. These companies with less money are not doing mileage reimbursement because it costs them more. It saves them money, and costs the employee more.
 



anonymous said:
You are way off. Nobody profits off of driving the personal car in any sales job. Company provided car easily pads an extra 20k profit annually on top of your salary. . Can’t even try to spin that fact.
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that’s weird because I profit off of mine and have for years. Keep pulling random numbers out of your ass
 






Everyone is overlooking the depreciation on any vehicle. When I had to use my own car, I purchased a 30k for a used Chevy traverse with only 28k miles. After 2 years and 50k additional miles, my car was worth half of what I paid. I only received $500/month car allowance and was given a gas card. I would never take a job without having a fleet car.
 






anonymous said:
Everyone is overlooking the depreciation on any vehicle. When I had to use my own car, I purchased a 30k for a used Chevy traverse with only 28k miles. After 2 years and 50k additional miles, my car was worth half of what I paid. I only received $500/month car allowance and was given a gas card. I would never take a job without having a fleet car.
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good points. most reps won’t be throwing down 40k cash for a car purchase that they will run into the ground driving 35-40k miles per year. Most will do 48 or 60 month finance which adds extra interest as additional cost. Most rep jobs now only last couple years so a car purchase is one big PITA all the way around. Thanks but not worth it.
 



anonymous said:
good points. most reps won’t be throwing down 40k cash for a car purchase that they will run into the ground driving 35-40k miles per year. Most will do 48 or 60 month finance which adds extra interest as additional cost. Most rep jobs now only last couple years so a car purchase is one big PITA all the way around. Thanks but not worth it.
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Cars are like a mortgage in this inflated financial climate, no thanks Sage!
 



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